On 2/3/10 6:08 PM, Tim wrote:
Maybe slowly, but it looks to me like something is going to turn
around.


http://www.businessweek.com/ap/finan.../D9DKN8H01.htm


""It's great to see this partnership promoting so many unique
opportunities," Wood said. "Building the best product and encouraging
increased participation in a sport for all ages have always been our
goals, and we all look forward to a thriving relationship with our new
partner."

Platinum Equity says Randy Hopper will continue to serve as president
of Wood Manufacturing and will oversee production in Flippin of
Ranger, Stratos and Champion boats. Hopper has led Wood for more than
20 years.

The acquisition also includes the Wellcraft, Four Winns and Glastron
boat brands, with factories in Cadillac, Mich., and Murfreesboro,
Tenn."

Maybe. Platinum Equity specializes in LBO's. More likely, the new owners
will sell off the assets of a number of brand names it bought, and
borrow to the degree possible off the rest of the brand
names/factories/tangible assets, and saddle them with more debt than
they have now. Think..."junk bonds."